Thursday, January 15, 2009
Another one bites the dust.
The Irish Government has said it is to nationalise the Anglo Irish Bank. The state had planned on pumping 1.5bn euros (£1.4bn) into the bank, but decided that recapitalisation was not the way to secure its future. Ministers had been due to hand over the money in return for 75% shares with an annual fixed dividend being paid to the government of 10%